CEO Brett Cairns Resigns at Australia's Magellan: The Age

Australian investment powerhouse Magellan’s chief executive Brett Cairns has abruptly resigned “for personal reasons” and will leave the company immediately, The Age reported. Cairns became Magellan’s chief executive in 2019.

The board at Magellan – which has A$116.4 billion ($82.9 billion) under management – did not provide further details. Kirsten Morton, chief financial officer, will become the group’s interim CEO.

Read the full report: The Age.

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Tags: Asset Management Australia

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.